Professor Geist's weekly Toronto Star Law Bytes column features part two (Toronto Star version, HTML backup article, homepage version) of the examination of the financial impact of peer-to-peer music downloading on the Canadian music industry. Following part one, which demonstrated that recording industry loss claims are greatly exaggerated and that the P2P is only marginally responsible for sales declines, this column concludes that Canadian artists have not suffered financially, noting that lost royalties from diminished sales have been more than offset by the collection of nearly $120 million in private copying levies.